Ingredion price target lowered to $150 from $155 at Stephens

Stephens lowered the firm’s price target on Ingredion (INGR) to $150 from $155 and keeps an Equal Weight rating on the shares. FY25 guidance calls for about 5% EPS growth at the midpoint, and sales growth to be mid-single-digits, notes the analyst, who thinks guidance reflects confidence in continued momentum, but also thinks there is slight execution risk as topline growth shifts towards being more based on volume.